The advent of technology has transformed the employment market. Machines have replaced manual jobs and are bound to take over 69% of office jobs by 2024. To stay afloat in the age of AI and be part of the competitive market, enterprises need a workforce that is not only technically skilled but has digital and soft skills.
Sectors like retail,...
India enters its third day of the 21-day lockdown. Yesterday, the government unveiled a Rs 1.7 lakh crore stimulus to help those hit by the 21-day lockdown in the country.
The number of positive cases is pouring in and the total has crossed 700. Maharashtra, Gujarat, Srinagar, and Karnataka reported coronavirus deaths.
Amidst the coronavirus outbreak and 21-day lockdown,...
Coronavirus outbreak has forced the government to enforce a lockdown across the country. All non-essential travel has been banned, factories and offices have been shutdown and people are being advised to stay indoors in order to help combat the COVID-19 outbreak. Amid the present scenario, domestic smartphone manufacturer LAVA has announced that it will pay part of its factory workers salary in...
On the second day of the 21-day lockdown due to Coronavirus outbreak, Finance Minister Nirmala Sitharaman announced an economic relief package that lays out various schemes to provide cash and free ration. The government also relaxed the rules for withdrawal of funds from the Employees’ Provident Fund (EPF) account.
Relaxation in the EPF withdrawal rules.Employee and employer both contributions...
Amidst the country lockdown due to Coronavirus outbreak, Trade Unions write to PM Modi asking for financial aid for daily wage labourers.
In a letter to Prime Minister Narendra Modi, both Bharatiya Mazdoor Sangh (BMS) and the Centre of Indian Trade Unions (CITU) made a list of demands which include sufficient budget allocation as a relief who do not get their wages...
While the disruption caused by Covid-19 pandemic is unprecedented and will likely have serious economic consequences, start-ups in India have also been experiencing headwinds in terms of a slowdown in India’s economy over the last 2-3 quarters.
Many younger entrepreneurs, investors and other stakeholders have been reaching out to me over the last few weeks to share notes and brainstorm...
No one alive has experienced a global crisis like the Coronavirus and its unprecedented impact on personal and professional lives. Personal and family health will always have priority. We all mourn with those that mourn and we take care of our loved ones.
However, with a global time out -caused by travel restrictions, social distancing, closed restaurants and stores, and looming recession...
Total Rewards is a key instrument to attract and retain talent. But it is also one of the major areas of concern for both employees and employers. Employees think that remuneration hardly commensurate with skills, experience, efforts, and output and for employers, it is not viable to offer cash to meet employees’ expectations. It’s the industry dilemma for years...
After Indigo's company-wide announcement of top-down 5%-25% salary cut, now India's other airline, GoAir has extended pay cuts to its entire staff to reduce costs in line with falling revenue as the Covid-19 pandemic severely curtails global demand for air travel.
According to an Economic Times report, Vinay Dube, Chief Executive of GoAir said the management was left with...
McDonald’s Corporation has announced that the appointment of Heidi B. Capozzi as Executive Vice President and Global Chief People Officer.
In this role, she will lead Corporate Employee Relations, Diversity and Inclusion, Total Rewards and Talent Management among other areas. Capozzi will start on April 13, 2020, and will be based at the company’s Chicago headquarters in the West Loop.
Capozzi...